A loan of $200 helped purchase of additional fishing nets.


Josepina's story

Mrs. Josepina K., from the barangay of San Apolinario, Tangub City, Misamis Occidental, is 53 years old and now living with Cepreno Sejesmundo, a fisherman with an average daily income of P300.00. To make a living, Josepina has sold fish for 30 years, earning approximately 2,500 PHP a month.



In 2009, Josepina joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Now requesting a loan of 8,000 PHP, her second from PMPC, which she will use to purchase additional fishing nets, she plans to use the additional revenue generated from the business to improve the general living conditions of her family and save for future use and house improvements.



About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



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